Bitcoin Forum

Ripple's price has increased 5X in almost a month or two. Can't seem to find any real reason for this! Does anyone know?

Another Aurora coin.  The "available supply" is deceiving as it actually isn't available, that amount is mostly held by Ripple employees who signed lockup agreements preventing them from selling for several years.   The end result is only a miniscule amount of Ripple is actually put up for sale and there's a bidding war for what little available Ripple there is.

I have seen a lot of positive developments over the last few months.

• Earthport partnership (https://bitcointalk.org/index.php?topic=882698.0)
• Fidor bank (http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/)
• CBW Bank + Cross River Bank (http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/)
• Astropay Intrabank network (http://www.coindesk.com/first-latin-america-ripple-gateway-launch-seven-markets/)
• Shift Payments Card (https://shiftpayments.com/)
• SnapSwap SmartyCard (http://cointelegraph.com/news/112497/ripple-launches-smartycard-visa-debit-with-rewards-points)
• Noted in NACHA Future of Corporate Payments white paper (https://www.nacha.org/system/files/resources/Alliance%20Corporate%20Payments%20White%20Paper%20FINAL.pdf)
• GBI Gateway (http://bitcoinmagazine.com/15380/spend-physical-gold-online-via-gbis-ripple-gateway/) - and many others (https://coinist.co/ripple/gateways)
• Codius smart programs/contracts (http://codius.org/)

I do not think anyone can say with certainty what is moving the price, but I would assume that at least part of it relates to the above.

This type of stuff can build a perfect storm. Especially when new developments are being made and more gateways being added. I'm very bullish ripple over the next couple years.

The RIPPLE coin is a welcome gift for the financial industry.
The coin value is irrelevant for the ledger.

But why not fill it with value?
It comes for free, and any institution using it has the opportunity to make a market, starting from almost zero.
Its a dream come true for the industry players involved. They will make a killing.

Its the only system suitable for a transformation of the crumbling fiat network.
The walls are coming down just, the bottom is falling out.
For real world applications, any other coin, including Bitcoin of course, is completely useless as a transactional system.
RIPPLE is here, it works, and its being adopted. It delivers. Anything else is just toys.

It'll be bigger than Bitcoin ever was, and it will happen very fast now.
Its THE NEW MONEY. Get used to it, don't miss the opportunity.

Look at your trust gtfo of here trolling mfer

certainly will keep an eye on it and possibly buy on the correction. glad at least one coin started making it out.

It has features, it has good commercials, it has a good chance.
You drew my attention too with it.

I still have to do more research whether this is a scam/bubble or a really full-featured coin that deserves its share.

Just some of the VC's that are invested in Ripple.  They obviously love Ripple enough to invest in it, so I don't get why some people are not giving it a chance.



Andreessen Horowitz

https://www.ripplelabs.com/wp-content/themes/chariot/_include/img/investors/a16z_2.png

Andreessen Horowitz is a Silicon Valley-based venture capital firm with $2.7 billion under management. The firm invests in entrepreneurs building companies at every stage – from seed to growth.



The Bitcoin Opportunity Fund

https://www.ripplelabs.com/wp-content/themes/chariot/_include/img/investors/bitcoin.png

The Bitcoin Opportunity Fund is managed by Barry Silbert, the founder of SecondMarket and the Bitcoin Investment Trust. The fund invests in bitcoin and other math-based currency companies, including Gyft, Coinbase and Tradehill, among others.



Google Ventures

https://www.ripplelabs.com/wp-content/themes/chariot/_include/img/investors/google_ventures.png

Google Ventures is a radically different kind of venture-capital fund. The Google Ventures design, marketing, recruiting, and engineering teams work full-time with portfolio companies. Google Ventures also offers Startup Lab, a dedicated facility and educational program where companies can meet, learn, work, and share.

Google Ventures will invest over $1B in the next five years. Founded in 2009, the firm has invested in over 200 companies, including Uber, Nest, Kabam, HomeAway, Parse, ngmoco, and RetailMeNot. Google Ventures is headquartered in Mountain View, Calif., with offices in Seattle, New York, and Cambridge, Mass.



IDG Technology Venture Investment Fund

https://www.ripplelabs.com/wp-content/themes/chariot/_include/img/investors/idg.png

IDG Technology Venture Investment Fund is managed by IDG Capital Partners, which, as a leading China-related investment team, was among the first to introduce foreign venture capital investment into China in early 1990’s. Since then the funds under its management have invested in around 300 diverse and successful portfolios, such as Baidu, Sohu, Tencent, Soufun, Ctrip, Tudou, Qihu360, Home Inns, Hanting and Kanghui. Over 70 portfolios have successfully completed IPO or M&A.



Lightspeed Venture Partners

https://www.ripplelabs.com/wp-content/themes/chariot/_include/img/investors/lightspeed.png

Lightspeed Venture Partners is a leading venture capital firm with over $2 billion of committed capital under management and investment professionals and advisors in Silicon Valley, India, Israel and China with Lightspeed China Partners. Over the past two decades, Lightspeed partners have backed more than 200 consumer, enterprise and cleantech companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Ciena, DoubleClick, eHealth, Flixster, Fusion-io, Informatica, Kosmix, LivingSocial, Lucky Pai, Nicira, Playdom, Pliant Technology, Provigent, Riverbed Technology, Solazyme, TutorVista, Virsa Systems, Waveset, and XtremIO.



source:  https://www.ripplelabs.com/investors/ (https://www.ripplelabs.com/investors/)

Any news concerning a Fortune 500 company clearing its business on RIPPLE will send this to - the Fortune 500.

Just like a stock I see Ripple bringing in truck loads of cash!

Ripple has more Volume in 24 hours

Ripple:        $ 5,515,910
Litecoin:     $ 4,910,850   

Ripple Trade Japan's JPY reaches higher volumes than @Bitstamp's USD.

https://pbs.twimg.com/media/BsSVOz3IEAIHjEr.png:large

Russia is next through Fidor Bank....

2015, the year of Bitcoin's fall and competition finally making a dent.

CrossCoin Ventures (http://www.crosscoinventures.com/) startup accelerator is worth checking out if you are a dev or entrepreneur.

Creating something of lasting value is the best path to profit. Up to $50K USD in XRP is available for assistance funding your startup.

Note that both LibraTax (http://www.libratax.com/) and Coinist (https://coinist.co/) include focus beyond just the Ripple ecosystem. Saldo.mx (http://www.saldo.mx/) offers realtime microremittances. All Crosscoin.

Edit: a general bounties program (https://www.bountysource.com/teams/ripple/bounties) also exists that offers payouts in XRP, Bitcoin, Mastercoin, or USD. Bug bounties info is available separately here (https://ripple.com/bug-bounty/).

Welcome to the crazy swings of digital currencies, its been a good run for ripple for sure, get ready for the dump train and nobody talking about it for several months at some point soonish.

ftfy

Such certainty you show there. Reminds me of the certainty demonstrated by the persons calling many false bottoms and predicting uptrends during a long term bear market. But please stay in your blissful ignorance: you will probably be kicking yourself in a few months ;). Bitcoin will likely empty in an accelerated pace during the next few months.

 ::) ::) ::)

What are you thinking about, Denker ;). I hope you didn't invest in Bitcoin recently as that was a bad move to start out with. If you want to invest in Bitcoin that's all fine by me, but at least wait until the next drop is over.

While the overhang of the Ripple Labs horde of XRP is very disconcerting, as is the falling out with Jed M, you can't deny that ripple seems to have a lot of development money and effort behind it.  They are clearly the most professional outfit in alt coins these days.

You can buy ;)

Just like the Chinese buying up Bitcoin in the fall of 2013 causing a rise in price from $120 to $1100+, the Japanese are buying up XRP. Get in while the getting is good!

Japanese now, Chinese soon.. who knows how far the Chinese can take it...

yup.  it's also worth mentioning that the stellar and bitshares teams are among the most professional too.

If I buy XRP on Cryptsy, I can I withdraw it to a wallet?  How does that work?

Yes but I heard it takes a while.  Also, they will be integrated into the ripple wallet like btc2ripple is right now.

The "Jed effect" seems historically positive. His departure at ground level on gox ushered in a time where under new management everything began to be manipulated to high hell- heading parabolic skyhigh, before crashing and burning back to nothing. By that time he was onto his next venture, and the cycle repeats itself.  same manipulation & spam tx on the ripple orderbooks: https://forum.ripple.com/viewtopic.php?f=1&t=8668

https://i.imgur.com/SxNwCJ3.png

Let's not forget whilst ripple protocol may be useful more than a modest amountof XRP is not required to use the ripple network on a personal level, xrp was never intended to be used as a store of value, and the vast majority is n the hands of private entities and large firms who were given sweetheart deals; siginficant discounts to the recent trading range

 If you beleive in jed effect you would probably be jumping into the 710 million $ cheaper stellar right now

When will the ripple pyramid crash into oblivion? Never seen a 90% premine coin get so pumped artificially and people actually buying it..

china getting in the action:  http://coinmarketcap.com/currencies/ripple/#markets

hopefully they drive it up some more. 

it's not an usual crypto pump, banks are pumping. I've bought a lot we will see where it ends. Better XRP as BTC now.

You are just butthurt becuase you missed the XRP train. Now shut up fool.

Holy shit, the 1000 free XRP I got 2 years ago (and everyone else who wanted) are now worth 23$. Time to sell :P I wonder how I get BTC out from rippletrade.com? It doesn't seem so obvious.

A lot of people here received 35,000 ripples at the beginning lol  ;)

Bitcoin Bridge lets Ripple users make payments to Bitcoin accounts

https://ripple.com/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

You can use the bridge to send bitcoin to any address from your ripple wallet. The bitcoins you hold in your ripple wallet are IOUs and the bridge owner sends real bitcoins on your behalf.

Okey but where exactly is the bitcoin bridge? I don't see anything in rippletrade.com. The linked article is outdated and https://ripple.com/client/ is no longer available.

you can't 'see' it but it's there. just send your funds to your BTC wallet and ripple sends your BTC via snapswap gateway.

The Bitcoin bridge is built into he pathfinding algorithm. There is also a PayPal bridge now. Some gateways like RippleUnion in Canada have a bank account bridge.

Calling this a pump and dump is a kinda silly. Go to Ripple Charts - Value - Value Trends and then look at the fiat deposits that have been happening around the globe. Ripple is being tested to replace ACH/SEPA/SWIFT as the fundamental rails for moving currency. Then the banks sign on....merchants go where the money is and consumers can't complain about being able to send any amount of money to anyone anywhere in any currency for free (ish).

In terms of the Japanese, it depends on the time of you look at that chart. I've seen the Europeans swell, the South Koreans, the Chinese....it varies every day. Here is this morning's chart. You can compare to yours take just a little earlier. There are so many millions of dollars flowing in from dozens of gateways around the world that it's gonna change by the hour.

https://i.imgur.com/VbmNArB.png

...and the only real "Jed Effect" is that he quits every project he starts with in a year or so.

It's a scam. I entered my bitcoin receiving address and sent 0.01 BTC, it's been several hours now and I haven't received anything. What a piece of crap.

edit:
Ok I just received the bitcoins. Boy it took time and ironically the transaction occurred right after I had called it a scam  :D

The RIPPLE side wasn't the slow part of your transaction, though...
What about good old Craptsy? When are they becoming a real gateway?

Heres some background info on who's pulling strings in this new episode of the crypto adventure series.
https://bitcointalk.org/index.php?topic=688530.0

It'll be epic.
https://i.imgur.com/2ei37.png

So is Paycoin team too, to add

Don't bother. Thet don't process withdrawals and deposits. I waited 14 days for my XRP to reach Cryptsy. They couldn't find transaction.

Before I withdrew 100k XRP to my Ripple Trade wallet and had to wait over 10 days to be processed. Cryptsy have had major issues with their XRP wallet for weeks

yesterday i withdrew ripple and it took 5 minutes to arrive to my ripple trade wallet.

lol lol lol look @ guldencoin a lot better

Lucky you

I found this from the Nu community forum:
https://discuss.nubits.com/t/nubit-vs-ripple/893 (NuBit vs Ripple)

It's a good find in a sense that it refers to a vulnerability found from Ripple's and Stellar's software (https://bitcointalk.org/index.php?topic=823064.0).

This and sheep. I'll never touch Ripple.

There will be more hacks, I'm pretty sure. As XRP price goes up they become target for hackers. Even if their protocol is secure their employees might not secure their holdings well enough. Also, a centralized corporation can be taken down, no problem. Seems like a classic pump and dump to me.

Proven to be nonsense. Justcoin made that up when their security was found to be lacking, and by doing so it tried to damage two sensitive projects by shifting the blame. The safety of the Ripple protocol has been pretty much confirmed by the XRP community. And they are critical, mind you.

i like ripple as a concept and not a store of value. 
like bitcoin, ripple's value and usefulness remains regardless of price. 
on the other hand it's a controlled company and will not reform fiat just give banks more power over the masses.

2nd wave of profit taking incoming in 3.. 2.. 1..

1.9...1.8...1.7...1.6...1.5...someone is propping up this market with double tops everywhere.

And this is the reason why I will never ever support that shit!

Whatever happened to ripple being some super centralized premine scamcoin?

That was a different era. Seems to me people are more open minded about cryptos these days, premined and a certain level of centralization are ok. It's not like 2 years ago where there was Bitcoin, 2 alts and Rippnasty.

I think it poses a big question --- whether Bitcoin will remain due to it's advantage of being the first or will it be dethroned by others. Fact is that decentralization is the future. Everything that can be decentralized will be decentralized. Ripple is perhaps the last pathetic breath of the centralized money transmitting system that is based on debt (IOUs).

Stellar too :P some dude was so right about stellar a couple of days ago. Maybe he mentioned it even in this very topic? I wonder if there exists some technique already how to abuse these pump and dumps? Buy in at the first spurt and start gradually selling as it goes higher? Prices doubling seems to be very ordinary during pump-and-dumps and thus it would mark a safe bet when to pull out, right? I mean, normally pump-and-dumps make the price rise 3 to 10 times.

edit:
As XRP crashes, does that mean BTC will start to rise soon?

TIMMMMMMMBERRRRRRRRRRRRRR

now the dump  ::)

I think the advantage is the key point and bet on the advantage.

But even Bitcoin used for real transactions is of course based on IOU. Any money is and always will be. Otherwise it is not money.

Also, how will the ripple network overcome foul nodes? Essentially the bigger the ripple network grows the higher is a chance that some node will be compromised or will go rogue and run away with money. the nodes could even practise some sick reserve banking. At least with bitcoin it is cool that all the nodes either follow the same protocol or become incompatible. ripple is a much more loose concept.

Or Stellar.  They're both terrible bankster coins.


Some of us still think that, for what it's worth.  I don't get the sudden hype around it.  Just because banks are taking an interest in it, doesn't mean the rest of us should.  Quite the opposite, in fact.  Everyone should know by now that it's not a system that works in your interest when banks are involved.

XRP can't be locked?

These are all great developments for Ripple.  But really none of these developments mean the price should go up.  Every single one of these banks/services can buy $100 worth of XRP and have enough to make transactions for months. 

Why not? It's like a thriving penny stock handed over to them, for free.
It has all it takes to become a major vehicle itself.

https://wiki.ripple.com/Freeze

they can't. when you open a ripple wallet, you get a secret key which only you know.  so if it is even possible that somebody can lock your account, all you have to do is go here:  https://www.rippletrade.com/#/login, click account recovery then type in your secret key.  the client will prompt you to make a new password.  as long as you have your secret key, you have full control of your account.

yup you're right.  and i should point out that some ripple gateways do not like the freeze feature and disabled it. afaik, once it's disabled, you cannot enable it anymore.

it's a good thing you pointed this out, i hope someone from ripple labs is lurking these forums and give us an answer.

I'm really trying to muster up the energy for a proper response but to be honest, the negativity on this forum towards anything that isn't bitcoin or promising overnight riches makes it not worth the hassle of posting. Any discussion of Ripple is met with false accusations of centralization, scamming, or shilling. Why should anyone waste their time writing up a lengthy reply? Ripple is going to succeed with or without approval from the bitcointalk peanut gallery.

sure.  but i think it would be nice to have an answer here.  and if ever that question comes up again we could use your reply as reference. 

...  or maybe show joelkatz the question so he could answer it...?  he prolly will have more patience and spare us the time to make a reply. 

thanks.

Yep, the constructive criticism and pure innovation has left this forum a long time ago.  All of us hoping that feeling will come back one day because bitcoin changed our lives.

Some major players and posters the last few years have totally logged out of their usernames and have been inactive for a year or more now.  They still comeback here but they want to stay out of the spotlight not giving anyone a chance to steal their fortune.

Asking questions will take you far in life, what has shilling done for anyone here? Nothing

still no news as to why XRP went up.  could this be the driver of XRP's recent rise?

charles xue:  http://en.m.wikipedia.org/wiki/Charles_Xue

http://8btc.com/data/attachment/forum/201409/17/105927tv38mrcck84uz3q8.jpg

he confirmed that he is investing in ripple last september.  so he probably made is move recently, then traders being traders, pumped the shit out of XRP.

what do you guys think?

That is exactly what I think

Can you explain how its not centralized?

Again, what for? It's already been answered a few times. There's even a white paper on it.

link?

i agree with this response.

I don't think it's a good excuse. One should not let negativity affect them. If you encounter opposition and give up then the bad guys win. Opposition is always present, that's the nature of our universe. You should take it as a challenge without attaching any petty feelings to it.

I think they've been pretty patient and professional on this forum for over a year now. At a certain point there's only so much you can do.

A warrior might take up everything as a challenge but a strategist chooses his battles wisely.

The moment you lose your nerve is when you have lost the battle that is between you and your self-importance. You're referring to human wars/battles which is a completely different thing. The battle I'm talking about is within you not between you and me. You can either defend Ripple here or not --- it's up to you --- but your choice should be free of petty feelings, which apparently it wasn't, since you're referring to Ripple's opponents with a negative superficial generalisation.

Hyena, are you aware that Carlos Castaneda was faking it all. I mean this is quasi-buddhistic bullshit fit for socially awkward people.

And yes, I am saying this as big fan of CC.

Every relationship between people is artifical in some way and starts inside, but this approach does not help to go deeper. You are only putting here oil into flames. If one has to solve his inner problem to not fight with other people is the same problem as that he has to fight with other people to solve his problems.

I somehow like your posts very much, but there is a truth above the truth always. And I think you know it. Nothing can be described in very short sentence, e.g. "opposition is always present" -> therefore it has no sense to trying to avoid it. That is nonsense that ends in asylum. Yes, opposition is always present, but there are situations where it actually amazingly has sense to avoid it, or at least try. To rest, to change perspective. That is also the cosmic dance.

and who are ripple's opponents mostly here in this forum?  usually random neck-beards in their mom's basement or some fat, hopeful 30 something guy bored out of his wits.

if misterbigg thinks it's not worth it then i don't blame him.

after a bit of googling, here's the link to the white paper on how ripple works:  https://ripple.com/files/ripple_consensus_whitepaper.pdf (https://ripple.com/files/ripple_consensus_whitepaper.pdf)

it's funny how people say it's centralized when the system eliminates the need for a central network operator.  maybe they mean something else when they say it...?  i'm a bit lost on that one.

Well there are 2 centralised issues:
1. Ripple labs, which piss off many wannabe anarchists, because it is a corporation and they are baaaad banksters
2. There is a centralisation about information = ripple is not anonymous, or even less than bitcoin, what I understood.

Point 2. is a concern for me and this is why I believe btc more. Love it or hate it, cryptocurrency must imo have higher degree of anonymity than common money. There are lot of overregulated or banned markets that need currency. If the hispters can not buy the Jack Herrer with it, it is not good currency. I must insist on this. The stage where the cryptocurrency needs those markets is not over and the time is not even close. grey and black markets are few trillions of USD. Coins capitalisation is 5 bn.

It was a nice P&D like bitcoin, but smaller  :)

Faking what? If it works then how can it be fake? I do believe that Carlos was just used as a puppet by those Mexican sorcerers and I know that Carlos himself failed to follow the teachings of don Juan but that does not invalidate the teachings. Especially when you apply your own common sense and test the whole thing out yourself. Do you really need BBC to tell you what's what?


Yes, I am putting oil into flames, deliberately, because I want to see what happens. I'm not doing it to help anyone specifically or to feel like a guru or to secretly hope that I'm doing something for the greater good. None of that. I'm doing it to learn. I know that these ideas will meet opposition and the only way to really test their plausibility is to confront the opposition. If it's real it can take the pressure.


You are right but you misinterpreted my original intent. I wanted to draw misterbigg's attention to the fact that his refusal to defend Ripple seems like an emotion driven excuse rather than a ruthless choice. If he pretended to be upset then I would congratulate him for the impeccable practice of controlled folly. If, however, he was really upset by the nature of Ripple's opponents then here's a chance for him to evolve and show his self-importance who's the boss.

There's nothing wrong with refusing to defend Ripple here in this topic but there's something wrong with the self-pity that makes you feel as if this situation is hopeless and no one here understands you and everyone here is against you. I wish people reminded me my own indulging when it happens. When I get upset on a phone and start raising my voice, for example :P

It's not your place to judge him. You say "his refusal to defend Ripple seems like an emotion driven excuse". "Seems" is the key word here. You don't know his thoughts so take your judgement of him elsewhere. We are all tired of the thousands upon thousands of posts of people spread FUD about every coin that does well. It's overdone to the point of not being worth it to respond to every criticism of every coin.

It's not your place to judge me. You say "It's not your place to judge him". "judge" is the key word here. You don't know my thoughts so take your judgement of me elsewhere. We are all tired of the thousands upon thousands of posts of people judging about every post that does well. It's overdone to the point of not being worth it to respond to every criticism of every post.


"his refusal to defend Ripple seems like an emotion driven excuse"

Well, doesn't it seem like an emotion driven excuse? Read the bold parts, they radiate so much emotion that we could even derive a soap opera from it. Even if misterbigg personally didn't intend to embed any emotion to his reply it's worth pointing out that these discussions could get emotional. After all, we have hundreds of bitcoin peanuts here and only one Ripple advocate. Unjustness always generates hot feelings in humans.

It's obvious you are simply here to argue. People like you drive away people who have good information.

You're so right and I'm so out of this topic now :D bye

Those who say its a pump should have a look at the charts and the Ripple trade and network data.
Barely 22 % of the network value is Bitcoin. The rest is fiat.
So you suggest the pump would mainly happen in US $ and Yen?
The data simply doesn't correlate with the usual Bitcoin mob's modus operandi.

Emotions on Bitcointalk are what I had when I was debating Ripple with JoelKatz back in Q2 2013. Today its solely ambivalence. The decision not to invest effort in lengthy replies as I used to is purely economic - the costs outweigh the benefits.

As you know Ripple is a decentralized coin with central authority.
That means:
- it has the same new technology like bitcoin
- bankers and government will like it more than bitcoin, because its similar to their current thing
- people in this forum will like it less then bitcoin or not at all, because they know, it has a bad smell

But in my opinion:
- It will help bringing decentralization and cryptocurrencies to the masses.
- It can be a first step until people understand the whole thing of crypto before they can see, that authorities are not needed.
- it will be a good mid-term investment

and:
- bitcoin will be old technologie soon
- there will be newer blockchains like ethereum, nem and so on, that take over the lead
- the bitcoin blockchain will be like a 14.4 modem, think about it

I honestly disagree with the statement, that bitcoin, even when obsolete, will be old soon.

That is misunderstanding. I know geeks will not care, but marketing is more important than faster transactions or technical details. The gap between money issued by central banks and bitcoin is much wider than gap between bitcoin and some better cryptocurency.

Bitcoin is a brand by commoners. It will be a big luck, if people will accept some cryptocurrency. And if they do, it will be a bitcoin, because Bitcoin is building the brand and the brand is stronger and stronger as altcoins fade away.

Bitcoin is good enough and first. And that is enough. Economy is not a hipster competition. If some adjustments will be needed by market, over the top of bitcoin can be built a lot (even the ripple in the end).

There is already a lot of invested into BTC. Valuation of ripple is maybe only 7x less, which is impressive, but much much more than 7x people bought BTC than XRP and this hard cash and not valuation on market with monopoly of money supply is the decisive point.

Of course you can always implement everything in bitcoin. But it will always more be a work-around. And soon a pain in the ass.
Updates are not that easy on a blockchain...
And there will never be THE cryptocurrency. I guess bitcoin and ripple will go along and others will stay behind first, because they are not enough known.
But if people realize their benefits, bitcoin and ripple will go.

I disagree with several statements in there:

Ripple is not a coin, it is a payment network. Its native "coin" is XRP.

XRP are not decentralized, they are not designed to be and not needed to be. They just need to be tradeable and be able to be 100% owned by you once you actually get some.

XRP's only "central authority" is that there needs to be one single view of the state of the network, similar to Bitcoin (which also ideally shouldn't fork). The network itself is not centrally controlled, it is ensured that there are no forks by utilizing "Consensus" - an algorithm where nodes agree between each other on which transactions to include.

LOL! That statement sums it all up.
I mean, it already is, isn't it?
Maybe they should try MNP5 on the blockchain.

NO.
I'll never touch Ripple.
banks are pumping...  ::)
THE NEW MONEY IS HERE : New Economy Movement
https://bitcointalk.org/index.php?topic=654845.0

"Pumping" is such a mean word.
Once it reaches an institutional level it's called "Market Making".
Please adjust your lingo.

if a coin (no matter which) has few sell-orders, then it will be pumped, leading to fools trying to "catch the train" and thereby boosting the volume. but that doesn't happen, while sell-orderbook is stuffed. Ripple is a good example of it

big mistake.  if banks are pumping it, the more you should come in and enjoy the ride.  banks coming in mean institutional investors are coming in, aka smart money. 

if what you're saying is true, then...

http://new2.fjcdn.com/comments/5263845+_b55e1562a7ff036d3dd9ead5eb4b3bc2.jpg

Each rebound top has been lower than the previous.  You're at your 3rd and lowest top yet.

Get ready for the D-D-D-D-D-D-D-DUMP!

..and the tears.

Keep toking that weed tokeweed, you'll need the emotional numbness to work you through getting raped by ripple  :D

ha, and the profit flows through you.

I hope your star wars memes keep you company when you're at a $100,000 market cap  :D :D